The company is relocating to a bigger office in Park West, Dublin, and has established Indian and Czech operations to provide additional support for its Eastern European and Asian-based clients. The company also plans to open international sales offices in the US and Far East increasing employee numbers by 50 per cent by the end of Q3.

To date, CR2 has raised $28.6 million since it was co-founded by Cian Kinsella and Ron Downey in 1997, former founding directors of Misys Group company Kindle Banking Systems.